Fundamental Global Inc (FGF) said after close Thursday that it lost $0.06 per share in quarter four 2023. The company reported $7 million in revenue
In the same quarter a year ago, the company lost $0.03 per share on revenue of $4.9 million.
The stock is down 5.04% to $1.32 after the report.
The firm's higher revenue growth to earnings signals that the firm has not been able to reduce costs and has seen its profit margin decrease.
Trading in the five days leading up to the report earned Fundamental Global Inc a Bearish Sentiment Rank from InvestorsObserver.
Fundamental Global Inc has performed poorly during the past few months, garnering a low Long-Term Technical Rank by InvestorsObserver of 19, putting Fundamental Global Inc in the bottom 25% of stocks. The firm set a 52-week low on November 10, 2023 at $1 and set a 52-week high on March 29, 2023 at $2.84.
FG Financial Group Inc through its subsidiaries operates as diversified insurance, reinsurance, and investment management holding company.
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Fundamental Global Inc Down 5.04% To $1.32 After Earnings
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